Central Banking
Comment: The IMF's challenge
Raghuram Rajan, the IMF's economic counsellor and director of research, said in a speech Monday 10 April at the Kiel Institute that "as the reserves of advanced emerging markets fall, they may well want to re-engage with the Fund". Behind these remarks…
Bank of Greece - Annual Report 2004
According to the Bank of Greece's Annual Report 2004, following the satisfactory growth rate of the Greek economy in 2003 (4.7%), economic activity in Greece began to slow down in the second half of 2004.
Iskrov on financial progress and prospects
In the speech 'Financial progress and prospects' given on 21 March Ivan Iskrov of the Bulgarian National Bank said the stable macroeconomic environment in Bulgaria, plus the sustainably high rates of economic growth and the prospects for its membership…
Full rupee float 'not earlier than 2009'
India's Finance Minister Palaniappan Chidambaram does not expect the rupee to become fully convertible before 2009, he said in an interview with Singapore's Straits Times published on Friday 7 April.
Brazil central bank directors resign
Brazil's central bank said in a statement on Thursday 6 April that Alexandre Schwartsman, the head of its international relations department, and Sergio Darcy, chief of its norms department, had asked to step down.
Turkish governor name sent to president
Turkish State Minister and Chief Negotiator for EU talks Ali Babacan said on Friday 7 April that the government's decision on the appointment of a new central bank governor will be sent to President Ahmet Necdet Sezer today.
New BOK deputy governor appointed
South Korea's president Roh Moo-hyun on Thursday 6 April appointed Lee Sung-il, CEO and president of the Seoul Money Brokerage Services, deputy governor of the Bank of Korea (BOK).
Bank of Canada - Annual Report 2005
According to the Bank of Canada's Annual Report 2005, domestically, the Bank's research and analysis in 2005 focused on the efficient regulation of financial institutions and on improving the efficiency of financial markets.
ECOFIN's Grasser says Slovenia may join euro in 07
Austrian Finance Minister Karl-Heinz Grasser, whose country holds the rotating EU presidency, said Slovenia has a good chance of joining the euro on 1 January 2007.
Bank of Ghana - Annual Report 2004
According to the Bank of Ghana's Annual Report 2004, the Ghanaian economy made a considerable degree of progress in 2004.
Chicago Fed's Moskow on the US economic outlook
In the speech 'U.S. economic outlook and the current account deficit' given on 6 April Michael Moskow of the Federal Reserve Bank of Chicago said the U.S. economic outlook looks good for the next couple of years, with growth self-sustaining and inflation…
Basel Committee seeks comments
The Basel Committee on Banking Supervision on Thursday 6 April issued for public comment updated versions of the 1997 Basel Core Principles for Effective Banking Supervision and the 1999 Core Principles Methodology.
Perspectives on low global interest rates
This IMF Working Paper, published March 2006, looks at the dramatic decline in global real interest rates in recent years from a historical perspective and examines the various factors that may account for this trend.
Yuan compromise?
According to this article by Lawrence Lindsey, published on Thursday 6 April, President Bush and Chinese President Hu Jintao will have a lot to talk about at their meeting in Washington later this month. The central economic question will be the proper…
Trichet leaves ECB's monetary moves in doubt
According to this article published on Friday 7 April, a burst of candor from European Central Bank President Jean-Claude Trichet has left analysts reassessing the timetable for future ECB monetary policy moves. That reassessment may not have gone far…
Chicago's Moskow on central counterparty clearing
In the speech 'Public policy and central counterparty clearing' given on 4 April Michael Moskow of the Federal Reserve Bank of Chicago said new clearing arrangements are emerging all the time.
Ingves on the inflation target and monetary policy
In the speech 'The inflation target and monetary policy' given on 4 April Stefan Ingves of the Sveriges Riksbank said there has been a gradual development in our reasoning on monetary policy.
Kroszner on geographic restrictions on banking
In the speech 'The effect of removing geographic restrictions on banking in the United States: Lessons for Europe' given on 6 April Randall Kroszner of the Federal Reserve said the U.S. experience with the change in its banking structure holds…
'Dissolving' Fed secrecy
According to this article published on Wednesday 5 April, in 2000, when Wall Street's bubble burst, Federal Reserve Chairman Alan Greenspan and other Fed officials revealed in their meetings plenty of concern about just where things might be headed.
Gulf states buy euros with their reserves
According to this article published on Wednesday 5 April, a diversification of Middle East reserves could have a negative impact on Washington's ability to finance its debt.
Rato on the IMF and global imbalances
In the speech 'How the IMF can help promote a collaborative solution to global imbalances' given on 4 April Rodrigo de Rato of the IMF proposed a multilateral forum where developing and industrialized nations can address ways to rebalance the global…
Bank Indonesia - Annual Report 2004
According to Bank Indonesia's Annual Report 2004, the year 2004 witnessed the Indonesian economy's continued momentum of solid expansion, even surpassing the forecast at the beginning of year.
RBNZ report on supplementary tools
The Reserve Bank of New Zealand and the Treasury on Thursday 6 April released a joint report on possible additional instruments to supplement the role of interest rates in managing demand pressures and inflation.
Ex-BoJ's Taya sees one rate rise by year-end
The Bank of Japan is expected to raise interest rates once by the end of the year and twice in 2007, a former board member said on Thursday 6 April.